Michigan SB1073: State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072'26

What the bill says

To amend 2000 PA 489, entitled "Michigan trust fund act," by amending sections 7 and 8 (MCL 12.257 and 12.258), section 7 as amended by 2025 PA 28 and section 8 as amended by 2024 PA 188.

From the introduced text, June 24, 2026:

A bill to amend 2000 PA 489, entitled "Michigan trust fund act," by amending sections 7 and 8 (MCL 12.257 and 12.258), section 7 as amended by 2025 PA 28 and section 8 as amended by 2024 PA 188. the people of the state of michigan enact: Sec. 7. (1) The 21st century jobs trust fund is established in the department of treasury. The 21st century jobs trust fund consists of donations of money made to the 21st century jobs trust fund from any source and all of the following: (a) To the extent provided in section 8(1) of the Michigan tobacco settlement finance authority act, 2005 PA 226, MCL 129.268, the net proceeds of the sale of tobacco settlement revenues to the tobacco settlement finance authority under the Michigan tobacco settlement finance authority act, 2005 PA 226, MCL 129.261 to 129.279. (b) Amounts appropriated from the general fund in section 89b(1) of the Michigan strategic fund act, 1984 PA 270, MCL 125.2089b. (c) Amounts deposited in the 21st century jobs trust fund in accordance with section 7(c)(i) or 33 of the Michigan early stage venture investment act of 2003, 2003 PA 296, MCL 125.2237 and 125.2263. (d) Amounts deposited in the 21st century jobs trust fund in accordance with sections 51i and 695 of the income tax act of …

Read the full official text

Sponsors

• Webber, Michael (R, 9) · primary sponsor

Latest actions

1. June 24, 2026: REFERRED TO COMMITTEE ON APPROPRIATIONS
2. June 24, 2026: INTRODUCED BY SENATOR MICHAEL WEBBER

Common questions

What is SB1073?

SB1073 is a bill in the Michigan Legislature (103rd Legislature): State management: funds; 21st century jobs trust fund; modify. Amends secs. 7 & 8 of 2000 PA 489 (MCL 12.257 & 12.258). TIE BAR WITH: SB 1072'26.

What does SB1073 do?

In its own words: To amend 2000 PA 489, entitled "Michigan trust fund act," by amending sections 7 and 8 (MCL 12.257 and 12.258), section 7 as amended by 2025 PA 28 and section 8 as amended by 2024 PA 188.

What is the status of SB1073?

In committee as of June 24, 2026. Latest action: REFERRED TO COMMITTEE ON APPROPRIATIONS (June 24, 2026).

Who sponsored SB1073?

Webber, Michael (R, 9).

Where is the official record for SB1073?

On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-SB-1073